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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3464 |
Essay's paper body
Much of Webvan’s early success in attracting investment can be attributed to the large amount of investor interest in speculative Internet-based companies between 1995 and 2001, which is often referred to as the “dot-com bubble .†In April 2001, when Webvan needed an infusion of $25 million to continue operations, it found the bubble had burst, and investors were no longer putting money into online ventures...
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The end of the dot-com era led to the beginning of a mild recession , which likely served to put the final nail in Webvan’s coffin. Even without the recession, customers had shown an unwillingness to spend additional money on delivery fees when most lived within a convenient distance of a grocery store that accepted coupons not accepted by Webvan...
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